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Economy

Prime Minister Outlines Meetings Located in Davos

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Head of Government of Georgia noted that meetings were held both with business and political leaders. It is extremely gratifying that success achieved by Georgia was noted at every economic panel held within the key-note event.

“Georgia is named quite possibly the most successful country, which underwent both democratic and economic transformation. I take great pride in hearing this. A number of neighbors request us to help them in the implementation of reforms which may have already been completed in Georgia. We used this platform and held vitally important negotiations with companies that decide to make foreign direct investments (FDI) in Georgia. Interest may be expressed towards all sectors, originating in consumption goods and ended with energy. It had been particularly indispensable for me to meet companies operating while in the sector of high technologies. They perceive legislation that any of us intend to introduce through the wife or husband of the year being an essential pre-requisite for their experience of Georgia. Unfortunately, we haven\’t seen abundance of advanced investments lately in fact it is particularly crucial will be able to get investments exactly from companies operating while in the sector of high technologies” added the optimal Minister of Georgia.

In the opinion with the Head of Government of Georgia, equally significant were the meetings held on education system reform, which have been linked to the innovations to make towards this contribute to Georgia. Country genuinely features a tremendous support in this area.

“Biggest message from our side was that Georgia has all of the preconditions to become a fiscal hub in the region and feedback was positive towards this plan. Georgia will essentially transform into financial hub of our region, consequently we\’ll be competent to create more jobs and eventually combat poverty in the country” concluded the number one Minister of Georgia.

Head of presidency of Georgia also summarized the important thing political meetings held inside scope of the planet Economic Forum (WEF) in Davos and noted that tangible progress of the country is noted again towards European and Euro-Atlantic integration.

“Collective messages for Georgia were again heard from all friendly nations and I need to particularly thank them because of this. 2018 had been a very significant year and that we had undoubtedly tangible progress towards European and Euro-Atlantic integration. My business is positive that 2019 will probably be a great deal more successful” stated the Prime Minister of Georgia.

Economy

Quantity of Hired Employees Exceeded Quantity of Self-Employed People Recently

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In line with Mikabadze, that the amount of employed workers exceeded the sheer numbers of self-employed people and share with the overall quantity of employment equaled to 50,8%, ?indicates the increase in the amount of jobs generated from the productive sectors of economy.

\”The lessing of the unemployment rate has resulted in stable economic indicators which were observed within the recent times in Georgia in line the decreased rate of economic increase this particular region. It is crucial that the unemployment rate has reached the lowest mark within the last Many years. Unemployment is decreased both among women and men,\” C Ekaterine Mikabadze said.

According towards Deputy Minister, the unemployment rate among men has decreased by 1,1% totaling to 13,9%, while among women the cell number was decreased by 1,5% and equaled to 11,2. Normally, the number of unemployed in 2018 was decreased by 30,7 thousand people plus the range of employees amounted to ?245,7 thousand person.

According to Ekaterine Mikabadze, the amount of employees in 2018 decreased by 12,4 thousand and 1694,2 thousand. \”A small decline in how many employed people as a result of a decrease in how many self-employed people, and also the quantity of employed workers significantly was increased by 35,9 thousand and amounted to 860,2 thousand people. How many self-employed people was decreased by 48,2 thousand and equaled to 833,4 thousand persons,\” C the Deputy Minister noted.

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Economy

Competition on Borjomi Park concept Announced

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Based on the official documentation, the concept includes: long-term vision with the development of Borjomi Central (historical) park, upkeep of historical-cultural function – development; Expansion of park’s perspectives; Growth and development of recreational function; Upkeep of the diversity of flora, if needed, add new species; Landscape design visions; Arrangement of paths, attractions and logistics.

Competition involves 2 stages. Applications is going to be completed on March 15. Inside first stage, the jury will select the best projects. Next the 3 winners shall be revealed by their involvement and public participation. Your second stage will end on April 5.

“Anybody or group playing competition may present the repair in?Borjomi municipality.

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Economy

237.5 So many Georgian Citizens are Unemployed

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In 2018 the annual unemployment rate decreased by 1.2 percentage points compared to 2017 and amounted to 12.7 percent.

It must be noted how the downtrend inside the unemployment rate is maintained in the last nine years, furthermore in 2018 unemployment rate reached the minimum level over the past 15?years.

In IV quarter 2018 economically active population constituted 63.6 percent from the working age population (population aged 15 and older). In comparison to the previous quarter, the efficient?activity rate and employment rate decreased by 0.7 percentage points. The employment rate in?urban settlements decreased by 0.2 percentage points compared to the previous quarter plus?rural settlements – 1.3 percentage points. As compared to the previous quarter the commercial activity?rate in rural settlements decreased by 1.6 percentage points, when it\’s in urban settlements remained?unchanged.

Traditionally, the unemployment minute rates are higher for males than women. In IV quarter 2018 the indicator was 2.6 percentage points higher for men when compared to the corresponding indicator for girls.

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